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The Pros and Cons of Being a Freelancer

Working from a hammock, why not?

Working from a hammock, why not?

What Are the Pros and Cons of Freelancing?

Having been a freelancer for the last ten years of my life, I have to say that even though I had to suffer from some of the downsides, I would never go back to a traditional office job with a steady salary.

In my life as a freelancer, I had the most positive professional experiences of my life, and I also learned more things than I ever learned during my years at university and at the companies I worked for as a full-time employee.

All those years of forced learning at school provided me with the necessary basic knowledge, but in my freelance years, I was actually able to open my eyes to the world and became aware of its endless opportunities. I am truly satisfied with my life as a freelancer. However, self-employment is not suitable for everyone, and you have to expect a long road with multiple obstacles until you reach stability, happiness, and a sense of achievement.

Benefits of Being a Freelancer


The benefit of being a freelancer that I like the most is the degree of freedom I have in comparison to someone with a permanent position. Working as a freelancer means you can determine your own working hours, have your meals at home (or the location of your choice) and choose where you work. Some prefer to work at home on the couch, others are most productive in cafés, libraries, airplanes or trains. I have personally worked at all of the mentioned locations and I must say that in most cases, the change of scenery was greatly beneficial for my productivity and my mood, provided that I had a quiet working environment without any major distractions.

Being Your Own Boss

This is another great advantage of being a freelancer. Some bosses out there can make you feel miserable and yet you cannot do anything about it because you are dependent on the job. So most of the time you keep everything bottled up inside and take the frustration home with you where your negative feelings can even have an effect on your family life. I remember I lived in fear for three and a half years in a job I hated with co-workers I hated and bosses who made me feel worthless most of the time. When you are a freelancer, you will not ever have to deal with rude bosses, impertinent colleagues or unprofessional clients anymore as you choose with whom and for whom you work. You deal directly with the clients and you can concentrate 100% on your job and your clients' needs instead of trying to satisfy your boss.

Keep All the Profits

It doesn't matter how extensive the projects are that you are working on; generally, the more you work the more you earn. In contrast to a permanent position, you can increase your profits and keep all of them. It all depends on your commitment and the effort you put into your job. You are free to expand your business and reap 100% of the benefits. I must say that in the first few years you will most likely put in a lot of working hours, but the good thing is that you know no one will take credit for your hard work except for yourself.

You can end up in a sticky situation if your clients don't pay you when they say they will.

You can end up in a sticky situation if your clients don't pay you when they say they will.

Cons of the Job

Payment Default Risk

It has happened to me several times that clients didn't pay me for the job I had done for them. This is actually not uncommon when you are a freelancer but if you take the necessary precautions, you will be able to avoid scams. I have learned how to protect myself from those ungrateful clients and agencies, but it took me a few years to figure out how.

Some ways to protect yourself:

  • Ask for advance or partial payments from new clients.
  • Try to get as much information as possible from your client: location, website, contact details, business registration numbers, feedback from other freelancers, size of the business.
  • Call the client and try to find out if he is trustworthy.
  • Be especially careful with foreign agencies/clients as legislations are different in other countries.
  • Clarify the payment procedure including the amount, the payment deadline and the method of payment.
As a freelancer, you'll have to pay for your own insurance.

As a freelancer, you'll have to pay for your own insurance.

No Employer Benefits

One of the biggest drawbacks of being is a freelancer is that you won't get any employer benefits, such as health insurance, paid sick days or paid vacation time. So whenever you take time off or stay in bed because you are sick, there is no income. You will have to use your savings in order to make up for the loss of income. Especially at the beginning of your business venture, this can be quite risky.

Long Working Hours

Self-employed people generally work a lot, especially in the first five years of their business. You are in charge of production, administration, customer service, billing, business development, IT, support, advertising and sales. Each of those areas takes up a significant amount of time. While companies have specialists who take care of the work that occurs in each respective department, you are 100% responsible for all departments. That means you are going to spend many hours researching, training yourself and getting work done that is just the support for your business activity. You can focus less on the growth of your business because you have all that extra work to do. Obviously, once you have established yourself, managing all of those areas will be much easier and faster but getting to the point requires a lot of effort and courage.

Work-Life Balance

It is quite hard to have a work-life-balance when you are a freelancer. It is especially hard to distinguish between your personal life and your work life when you work at home as this is your work place and at the same time the place where you eat, sleep and spend time with your family and friends. However, if you stick to some ground rules such as defining a work schedule, getting enough physical exercise every day, only spending time in your work area when you are actually working, and getting out of your pyjamas (this is very important), then you should be good to go.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.


Daniela from Philippines on June 30, 2020:

Nice input!

Spottask - Work Or Hire Freelancers from India on August 30, 2016:

Absolutely amazing inputs.

Julie K Henderson on April 17, 2015:

Thank you for these insights. Voted up.

UndercoverAgent19 on January 26, 2014:

This was a very intriguing hub, and I feel like I better understand what it would mean to be a freelancer. I've been toying with the idea, but I don't think I have enough writing experience or self-motivation at the moment. Perhaps freelancing is in my fairly distant future, though. Thanks for writing this!

Carrie Lee Night from Northeast United States on January 26, 2014:

Jennifer Madison: Thank you for writing this very interesting hub :) Free Lancing is something I have thought about for a while, but for now I'm writing stories for free to get my pen name known. I like having a stable job and writing on the side, (less pressure financially this way). Have a wonderful week and congratulations on a great job choice ! :)

Tatiana from Florida on January 25, 2014:

I could never get another regular job now that I've done my own thing. Being able to work at home while taking care of my 8 month old son is fantastic! Now, we just have to get the hubby to quit his desk job!

Mona Sabalones Gonzalez from Philippines on January 23, 2014:

Very nice and helpful hub. It's true, as a freelancer you have no protection and it is easy to get scammed. Even when you have a contract you can still get scammed, especially in the Philippines where you will end up paying even more by going to court. But aside from this, many of us are meant to do freelance work, and I think it's a wonderful way of life.